Nostrum Oil & Gas PLC - London-based exploration & production company - Reported it expects a steep 47% fall in revenue in the six months ended June 30 to around USD92 million from USD174 million the year before. Nostrum said average production after treatment was 23,528 barrels of oil equivalent per day with average sale volumes for the period of 22,624 barrels daily. The company explained that well intervention activity is reducing expected decline of working at limited capacity after all drilling in 2020 has been halted.
Current stock price: 10.50 pence
Year-to-date change: down 38%
By Neetika Kurup; neetikakurup@alliancenews.com
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Nostrum Oil&gas (NOG)